The President signed a decree that defines the conditions for the initial (IPO) and secondary (SPO) public offering of shares of joint-stock companies, in the authorized capital of which the state share is 50 percent or more. This is stated in the Presidential Decree “On measures for the further development of the capital market.”
Hungarian OTP Bank participates in the privatization of one of the banks in Uzbekistan. President Shavkat Mirziyoyev said this during the ceremony of signing bilateral documents after the Uzbek-Hungarian talks.
This decision is due to the strengthening of the prerequisites for a further slowdown in the forecast inflation dynamics, the need to maintain moderately positive real interest rates in the economy, as well as to achieve a balance between the inflation target and maintaining economic activity in a pandemic.
In January-August 2020, state budget revenues amounted to 82,9 trillion soum, of which 63,5 trillion soum falls on receipts administered by tax authorities and
According to the State Statistics Committee, in January-July 2020, the foreign trade turnover (WTO) of Uzbekistan reached $ 19.54 billion, which, compared to the same period last year, decreased by $ 4.66 billion.
Capital Markets Development Agency of the Republic of Uzbekistan (CMDA), the United Nations Development Programme (UNDP) and Islamic Development Bank (IsDB) signed a Statement of Intent (SoI) in Sustainable Development Goals (SDGs) and development of Uzbekistan’s financial market, CMDA reports.
At the meeting chaired by the President of Uzbekistan Shavkat Mirziyoyev on discussing the implementation of the banking system reform strategy, issues related to this area were discussed.
On June 23, Sanoat Qurilish Bank (Uzbekistan Industrial and Construction Bank) and the European Bank for Reconstruction and Development (EBRD) signed a loan agreement, according to which the EBRD provides a credit line in the amount of $40 million to finance domestic manufacturers, exporters and SMEs.
The Decree of the President “On the reform of the strategy of the banking system of the Republic of Uzbekistan in 2020–2025” was adopted.
The Central Bank of Uzbekistan has set prices for commemorative coins.
